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My read is that it's a mix of tech firms having overhired a lot during the ZIRP+COVID era, as well as executives having a pretty short horizon for risk if the p
by tech_ken 8mo ago
My read is that it's a mix of tech firms having overhired a lot during the ZIRP+COVID era, as well as executives having a pretty short horizon for risk if the potential bonus is large enough.
- kunai 8mo ago> executives having a pretty short horizon for risk if the potential bonus is large enough. This single line explains succinctly what is probably responsible for most of the economic dysfunction of the past 20 years